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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Post by BigSchlickon Oct 03, 2024 3:13pm
140 Views
Post# 36252159

NFG reserves

NFG reservesNew Found will announce its reserves once the 650,000m drill program has completed. No reason to state reserves now and then just have to adjust them again once the program is complete. In the meantime the price of gold is steady and rising making the reserves more valuable. Canada can't wait to permit the mines and boost its gdp. Sprott piled into the stock when it was over twice the current price and gold was $800/ounce cheaper than today. $800/ounce of extra free cash flow. That's wild. Look for Sprott to be a player in the next cash raise. He'll want another large block of nfg stock. 
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